|
<br />e
<br />
<br />e
<br />
<br />e
<br />
<br />case; a report from Christy Klein on the Aspen Wilderness Workshop v. CWCB case; and
<br />discussed the A WDI lawsuit.
<br />
<br />6a(1). Construction Fund Program, Recommended Projects, Town of Norwood
<br />(2:17 - 2:25 p.m.)
<br />
<br />Frank Akers, CWCB staff, reported there were eight recommended projects this year.
<br />Sheftel recused on Norwood and on pagosa Area Water and Sanitation projects. Meyring
<br />announced he will not vote on Pole Mountain but will participate in the discussion.
<br />Jackson was concerned on the lack of documented rational for interest rate parameters.
<br />Harrison requested a status report on the annual report to the Legislature. Discussion
<br />continued by Salazar, Jackson and Martineau and it was decided to consider the fmancial
<br />statements in the draft annual report before proceeding with the discussions on each
<br />project.
<br />
<br />6f.
<br />
<br />Construction Fund Program, Draft Annual Report (2:25 - 3:08 p.m.)
<br />
<br />Bill Stanton, CWCB staff, outlined the draft annual report and the financial status of the
<br />Construction Fund. Questions and discussion of the fmancial statements followed by
<br />Salazar, Sheftel, Jackson, Wright, Harrison, Akers, Stanton, Meyring, Keith Eberhardt,
<br />Lile, and Eisel. Discussion of the report content and procedures continued by Salazar,
<br />Jackson, Martineau, Wright, Sheftel, Lile, Akers, Hamson, and Meyring. A motion was
<br />made by Jackson and seconded by Hamson that approval today of any project would be
<br />subject to reconsideration in January based on interest rate criteria and the availability of
<br />funds. Discussion followed by Eisel, Jackson, Smith, Lile, Harrison, Wright, Salazar, and
<br />Hamson. Jackson withdrew his motion. A subcommittee consisting of Bob Jackson.
<br />Janice Sheftel, and David Meyring was appointed to study interest rate criteria.
<br />
<br />6a(1). Construction Fund Program, Recommended Projects, Town of Norwood,
<br />continued (3:08 - 3:39 p.m.)
<br />
<br />\
<br />
<br />Sheftel recused earlier. Frank Akers, CWCB staff, reviewed the proposed funding and
<br />schedule and introduced June Estep, Mayor of Norwood. Questions were asked by Lile,
<br />Eisel, Wright, Harrison, Simpson, Jackson, Martineau, and Salazar. A motion was made
<br />by Jackson and seconded by Eisel to approve the loan as presented for the Town of
<br />Norwood for $320.000 at 20 years at 5 percent subject to a review of the interest rate and
<br />fund status at the January meeting. Fund status will be influenced by revenue to the fund,
<br />other requests for loans, and the implications of Amendment One. Discussion followed
<br />by Hamson, Jackson, Salazar, and Wright. The motion passed by unanimous (8-0)
<br />decision with one abstention.
<br />
<br />Nov. 1992 Meeting. page 5
<br />
|